Noor Takaful

H.H. Sheikh Ahmed bin Saeed Al Maktoum is the younger brother of the late Ruler of Dubai, H.H. Sheikh Rashid bin Saeed Al Maktoum.

Along with his role as Chairman of the Board of Noor Islamic Bank, Sheikh Ahmed is the President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group. He embarked on his journey in the aviation industry in 1985 when he was appointed President of DCAA. At the same time the national carrier Emirates was also launched and he was appointed Chairman.

Sheikh Ahmed’s other portfolios with the Government of Dubai include:

Deputy Chairman of the Dubai Executive Council

Member of the Board of the Dubai Council for Economic Affairs

Vice-Chairman of the Dubai World Trade Centre

Board Member of The Dubai Corporation for Government Investment

Chairman of the Supreme Committee - Dubai Shopping Festival Committee and Dubai Summer Surprises

Board Member of the General Civil Aviation Authority of the U.A.E.

Chairmanships include:

National Air Travel Agency (DNATA)

Dubai Airport Free Zone Authority

Dubai Aerospace Enterprise

Dubai Air Wing

Alliance Insurance Company

Le Meridien Dubai

Dubai International Marine Club

Dubai Golf

The British University in Dubai

The Dubai Power & Energy Committee

UAE National Olympic Committee

He is a Patron to many charitable organizations, including:

The Rashid Pediatric Therapy Centre

The Rotary Club of Dubai

The Terry Fox Run

Sheikh Ahmed holds a Bachelors Degree from the University of Denver, Colorado, USA.

H.E. Soud Ba'alawy is the Co-Chairman, Dubai Holding Investment Group. Headquartered in Dubai, the company operates global offices in the United States, the United Kingdom, China, Malaysia, and Turkey. Dubai Holding Investment Group is the parent company of Dubai Group and Dubai International Capital.

Known for his strategic insights and entrepreneurial vision, H.E. Ba’alawy was previously Executive Chairman of Dubai Group and played a key role in its foundation and growth. He has more than ten years experience in banking and investment with Citigroup, and was the Vice President of Gulf Treasury in Citibank Dubai. He has also served as Chief Investment Officer of Dubai Internet City and Vice President of The Executive Office.

H.E. Ba'alawy is a member of the Executive Committee of Dubai Holding and Chartered Institute of Management Accountants, UK.

Board Membership and Affiliations:

Chairman, Marfin Popular Bank

Chairman, TAIB Bank

Chairman, NASDAQ Dubai

Vice Chairman, Marfin Investment Group

Vice Chairman, Dubai Bank

Vice Chairman, Borse Dubai

Board Member and Chairman of Executive Committee, Noor Islamic Bank

Board Member and Member of the Executive Committee, Emirates Investment Authority

Board Member, NASDAQ OMX Group

Board Member, Dubai Financial Market

Board Member, Emirates Telecommunication Corporation (Etisalat)

Chairman, Manzil, a non-profit centre for persons with special needs

A seasoned banker with over 26 years of extensive experience working with the leading financial institutions in the U.A.E., Mr. Hussain Al Qemzi now helms Noor Investment Group and its flagship entity Noor Islamic Bank as its Group CEO.

With proven expertise in corporate and consumer banking, he has proved his mettle in quality and operations control and strategic planning.

Prior to this Mr. Al Qemzi was the Chief Executive of Sharjah Islamic Bank and a former Board member of Dubai Financial Market (DFM), and Dubai International Financial Exchange (DIFX).

Mr. Al Qemzi also served as Chief Operating Officer of DIFC, and is credited with laying the ground for a World Class Financial Centre.

Chairmanships include:

National Air Travel Agency (DNATA)

Dubai Airport Free Zone Authority

Dubai Aerospace Enterprise

Dubai Air Wing

Alliance Insurance Company

Le Meridien Dubai

Dubai International Marine Club

Dubai Golf

The British University in Dubai

The Dubai Power & Energy Committee

UAE National Olympic Committee

Mr. Mahomed Akoob is currently serving as the Managing Director of the Hannover ReTakaful B.S.C.(c) and Hannover Rückversicherung AG (Bahrain Branch), positions he has occupied since November 2006.

Prior to his current positions, Mr Akoob spent 26 years with Munich Reinsurance company of Africa Ltd. (MRoA). During this period he occupied various positions, including General Manager, a position he held for 6 years. He significantly contributed to the development and success of MRoA through a number of key initiatives, including conceptualising a cell captive insurer and implementing this through the formation of a cell captive insurer using preference shares as a cell financing solution (now an industry standard); conceptualising the introduction of an offshore reinsurance subsidiary; introducing the concept of Letters of Credit being acceptable as security instead of cash deposits to the Regulatory Authorities; introducing Fin Re and establishing it as a Fin Re Centre of Competence. He is also accredited establishing the first Takaful Company in South Africa utilising the Underwriting Management Concept.

Mr. Akoob has extensive experience in general management, technical insurance and reinsurance underwriting, risk management and financial management having dealt with all classes of insurance and reinsurance and takaful and retakaful.

With more than 25 years of banking and insurance experience in senior and executive positions with commercial and investment banks in Bahrain and Kuwait, of which 15 years represents experience in Islamic investment banking, Dr. Ahmed is currently a Deputy Group CEO of Noor Islamic Bank and Noor Investment Group. Prior to joining NIB, he was Executive and Board Member of Investors Bank, Chairman and Managing Director of Takaful International and member of the Board of Directors and the Executive Committee of Bahrain Islamic Bank. He has also held Senior Executive positions in the Bank of Bahrain and Kuwait, Al Baraka Investment Bank and International Investment Group. Dr. Ahmed has actively been part of many Boards in different fields such as Real Estate, Airline, Telecom, Banking and Insurance, in different markets. He was also elected to the Board of the Bahrain Bankers Society for two terms. Dr. Ahmed holds a PhD in Strategic Management (UK), MBA (Bahrain), MSc (UK) and BSc (Hons) (UK).